The global vehicle 3D Lidar market is estimated to grow at a significant CAGR during the forecast period. LiDAR is a device that serves as the self-driving vehicle’s eye. It provides users with a full 360-degree picture of their surroundings, allowing them to drive securely. Thousands of laser pulses are sent per second by a continuously spinning LiDAR device. These pulses collide with the items in the environment and bounce back. The light reflections that occur are then used to make a 3D point cloud.
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Each laser’s reflection point is recorded by an onboard computer, which then converts the quickly changing point cloud into an animated 3D picture. The 3D representation is formed by measuring the speed of light and the distance it travels, which supports in determining the vehicle’s position about other things in the environment. The 3D model keeps track of the distance between the passing car and any other vehicles ahead of it. It assists in controlling the brakes to slow or stop the vehicle. When the road ahead is clear, the car can also speed up.
The growing awareness of safety among vehicle users, as well as safety norms issued by the global regulatory bodies, is a major factor driving the vehicle 3D Lidar market. Furthermore, the increasing usage of autonomous and electric vehicles is expected to result in a massive increase in the use of advanced vehicle safety components. Rising government emphasis on ADAS-integrated automobiles in recent years due to safety concerns is expected to drive the demand for automotive LiDAR during the forecast period. For instance, in January 2017, High-Resolution 3D Flash LiDAR, a novel LiDAR technology designed exclusively for autos, was unveiled by Continental AG. The corporation is focusing on improving Advanced Driver Assistance Systems and autonomous vehicles with this announcement.
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Market Coverage
- Segment Covered-
o By Application
o By Image Type
o By Technology
o By Vehicle Type
- Competitive Landscape: LeosphereSaS, Airborne Hydrography AB, 3D Laser Mapping Inc. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Vehicle 3D Lidar Market Segmentation
By Application
- Semi-Autonomous Vehicles
- Autonomous Vehicles
By Image Type
- 2 Dimensional
- 3 Dimensional
By Technology
- Solid State
- Mechanical/Scanning
By Vehicle Type
- ICE
- Hybrid
- Battery Electric
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